| Dollar Whacked by Better Europe News, Worse US Data (at CNBC) The dollar index was down more than 1 percent, and the dollar was falling against the euro, yen and sterling. Improving news out of Europe and a short squeeze are also combining to drive the euro more than a percent higher against the greenback, towards its highest levels since early May. us.rd.yahoo.com |
FOREX-Euro inches higher, hovers near 2-mth peak (at Reuters) * Euro near 2-month peak, hovers at $1.30 * Yen moves little, supported by bids from Japan exporters By Hideyuki Sano us.rd.yahoo.com |
Currencies: Dollar weaker; euro consolidates amid bank jitters [at MarketWatch] - The U.S. dollar weakened versus most major rivals Wednesday as equities turned higher and the euro held its ground amid revived worries about Europe s banking sector. us.rd.yahoo.com |
Overvalued Aussie dollar heading for fall Australia's dollar, this quarter's best performing major currency, is now the most overvalued.Purchasing power parity, a measure of the cost of goods relative to other countries, shows the Aussie is 27 per cent too expensive,... nzherald.co.nz |
Methven cuts guidance, earnings growth to stall Methven, the tapware and bathroom supplies manufacturer, cut its full-year guidance, saying earnings growth will stall because the economic recovery is grinding slower than expected.The lack of profit growth contrasts with the... nzherald.co.nz |